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Frederick Brewing Company information


Frederick Brewing Company
FormerlyWild Goose Brewery
Company typePublic
Traded as
  • Formerly
  • OTC: BLUE[1][2]
  • Nasdaq: FRBW [3]
IndustryMicrobrewery
FounderMarjorie McGinnis, Kevin Brannon,Steve Nordahl and Steven Tluszcz
Headquarters
Frederick, Maryland
,
United States
ProductsBeer

Frederick Brewing Company (at one point also known as Wild Goose Brewery) was a brewery at the Wedgewood Business Park in Frederick, Maryland, United States.[4] It was founded sometime between 1992 and 1993 by Marjorie McGinnis, Kevin Brannon, Steve Nordahl, and Steven Tluszcz and had its grand opening on 12 February 1997. The company was taken over by Snyder International Brewing Group in 1999 and merged with Snyder International Brewing Group in 2001. In early 2002 or 2003 the company was placed into receivership and in 2006 was purchased by Flying Dog Brewery and renamed Wild Goose Brewery.[5] At some point the brewery stopped being known as Wild Goose Brewery and just became Flying Dog Brewery.[citation needed]

The brewery was generally considered to be state of the art.[4] The plant cost somewhere between $4.4 million[6] and $8 million[7][8] to build, with $4.5 million of the cost being paid for with economic development bonds,[9] and in 2002 it had a capacity of 80,000 barrels annually. The company though was never able to sell more than 11,000 barrels of its brand Blue Ridge in any given year. When the company's stock was initially issued in 1995 it sold for over $6 a share and was traded on NASDAQ, but by 2002 it sold for less than 10 cents.[7][10][11]

Frederick Brewing Company is considered to exemplify the 1990s microbeer bubble.[7] Modern Brewery Age calls Frederick Brewing Company "the exemplar of heedless expansion of the micro segment".[12] According to K. Timothy Swanson, there was a microbrew craze in the 1990s that ended with consumers being confused by the vast number of beers available.[13] When the microbrewing industry declined, Frederick Brewing Company went with it.[7]

  1. ^ "FREDERICK BREWING CO, Form 10QSB, Filing Date Nov 5, 1998". secdatabase.com. Retrieved May 15, 2018.
  2. ^ "ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 1998". SEC.gov. U.S. Securities and Exchange Commission. Retrieved 1 August 2014. The Company's common stock, par value $.0004 per share ("Common Stock") trades on the Over The Counter Exchange under the symbol "BLUE".
  3. ^ "FRBW: Frederick Brewing Co". Quandl. Archived from the original on 8 August 2014. Retrieved 1 August 2014.
  4. ^ a b "Frederick to be sold.(Frederick Brewing Co.)(Brief Article)". Modern Brewery Age. 12 Jan 2004. Archived from the original on 24 September 2015. Retrieved 29 July 2014.
  5. ^ "Flying Dog Brewery buys the Frederick building it has occupied since 2006 - Baltimore Business Journal". web.archive.org. 2015-01-01. Retrieved 2024-05-26.
  6. ^ Marks, Katherine (27 Aug 1999). "Frederick Brewing Co. sold". Frederick News Post. Retrieved 29 July 2014.
  7. ^ a b c d Hancock, Jay (9 June 2002). "Beneath the foam, a mania goes flat". Baltimore Sun. Retrieved 29 July 2014.
  8. ^ Wilson, Ike (11 Jan 2001). "Committee studying merger of Frederick Brewing Co., SIBG". Frederick News Post. Retrieved 29 July 2014.
  9. ^ Connolly, Allison (28 July 2006). "Frederick plant to make beers for Denver company". Baltimore Sun. Retrieved 29 July 2014.
  10. ^ "Frederick Brewing shareholder vote set". Baltimore Sun. 17 Dec 1998. Retrieved 29 July 2014.
  11. ^ Marks, Katherine (3 October 1998). "Home Frederick Brewing stock continues to slump". Frederick News Post. Retrieved 1 August 2014.
  12. ^ "A Brewery in Turn-Around.(Frederick Brewing Co of Frederick, Maryland)". Modern Brewery Age. 10 September 2001. Archived from the original on 24 September 2015. Retrieved 29 July 2014.
  13. ^ Kobell, Rona (29 April 2000). "Frederick Brewing owner has big plans for little beer". Baltimore Sun. Retrieved 29 July 2014.

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